If investors can't back up their proof of funds letters with an actual verification of deposit, banks won't even touch consider the offer.
Campbell, NY (PRWEB) October 07, 2013
Buying foreclosed homes has become a top interest for real estate investors over the years. As the number of foreclosures continues to rise, more and more inventory becomes available. For investors that have the knowledge to work with foreclosures, it's an absolute dream come true.
The challenge with most is overcoming the fears of where to get the money and where to find the buyer. Now, there is a solution. Long time real estate investor and entrepreneur, Cameron Dunlap released a new version of Fast Cash with Foreclosures, which provides the training needed to turn foreclosed properties into profitable deals.
When dealing with foreclosures, proof of funds play a critical role in whether or not an investor can get a deal. Without this document, an investor won’t even get considered. As part of the program, Cameron now provides proof of funds to all those who take part in this program. He will personally back up all proof of funds letter with a verification of deposit that is sent directly to the agent, or the seller, or a bank.
"This is a HUGE advantage for investors," say Cameron. "If investors can't back up their proof of funds letters with an actual verification of deposit, banks won't even touch consider the offer. We are seeing more and more banks requiring a VOD, which is why we've now included it in the Fast Cash training program."
Not only do investors need the education on buying foreclosed homes and need proof of funds, they also need transactional funding. Fast Cash with Foreclosures provides low cost transactional funding as well. This is basically a "short term" bridge loan that is used to facilitate the first transaction between the seller and the investor.
Paulette has been buying foreclosed homes for 2 years since she purchased Fast Cash with Foreclosures. She stated, “I have done several deals using Cam’s funding and I use his proof of funds for everything. I almost have made enough profit on these deals that I won’t need the funding for much longer!”
She also had this to say about the training materials. “I had never flipped a house before I purchased Fast Cash with Foreclosures. The trainings gave me enough information and confidence to be able to do my first deal, and now I’m doing deals on a regular basis.”
Not only has Paulette grown her business immensely, but many other real estate investors have been able to as well. The demand for real estate investors with the knowledge and funds to purchased foreclosed homes continues to grow. The new Fast Cash with Foreclosures program will allow more real estate investors to make a profit from buying foreclosed homes.
Any investor in need of funding and training to buy foreclosed homes, visit http://www.CameronDirect.com/GetProof